LATEST Boeing 747 News: Aircraft Manufacturer Giant Finally Decides To Stop Production Of Boeing 747 Confirmed?

When the first Boeing 747 flew back in 1969, every person dreamed of being able to fly on the Jumbo. The Boeing 747 is fondly called as the "Jumbo Jet" became the most in-demand aircraft as it flies good speeds and can carry a large number of passengers in one given time. In full capacity, the Boeing 747 can carry over 500 passengers covering thousands of miles. Unfortunately, Boeing may decide to stop the production of Boeing 747.

According to Daily Mail, for decades, the Boeing 747 have been largest passenger jet in the skies hence it being given the title "Jumbo Jet." However, the need to stop the production of Boeing 747 may ensue because of diminishing and declining orders. This then translates to a low demand.

Boeing revealed that the production of Boeing 747 has seen its slowest in 2016. This is primarily because of its arch-rival Airbus with its A380 taking over the demand for ultra-large passenger aircraft. With Airbus A380 first taking the skies in 2007, Boeing has finally met its match as the 747 is no longer the biggest aircraft anymore.

Figures revealed that Boeing only delivered three Boeing 747 in six months. This is highly disappointing compared to nine Boeing 747 jets from same time in 2015. Boeing now has more reason to stop the production of Boeing 747, or at least decreasing the production of the jet to just one per month in 2019.

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Boeing also said that if demands for the Boeing 747 does not increase or at least remain mediocre, with the company incurring more production cost than Return On Investment, it has to stop. It is then inevitable to stop the production of Boeing 747 if this is indeed the case.

As added by The Telegraph, though it is unfortunate for Boeing to completely stop the production of its Jumbo Jets, it may not be the case at least not soon enough. Boeing said that it doesn't mean it will be immediate to stop the production of Boeing 747.

The fate of Boeing 747 may not diminish. Boeing promises to continue production, though less than usual. After all, profitability is important.